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International Handbook on the Economics of Integration, Volume I

General Issues and Regional Groups Edited by Miroslav N. Jovanović, United Nations Economic Commission for Europe, Geneva, Switzerland and Global Studies Institute, University of Geneva, Switzerland
With this Handbook, Miroslav Jovanović has provided readers with both an excellent stand-alone original reference book as well as the first volume in a comprehensive three-volume set. This introduction into a rich and expanding academic and practical world of international economic integration also provides a theoretical and analytical framework to the reader, presenting select analytical studies and encouraging further research.
Extent: 560 pp
Hardback Price: $272.00 Web: $244.80
Publication Date: 2011
ISBN: 978 1 84844 370 9
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  • Economics and Finance
  • International Economics
  • Regional Economics
  • Urban and Regional Studies
  • Regional Economics
With this Handbook, Miroslav Jovanović has provided readers with both an excellent stand-alone original reference book as well as the first volume in a comprehensive three-volume set. This introduction into a rich and expanding academic and practical world of international economic integration also provides a theoretical and analytical framework to the reader, presenting select analytical studies and encouraging further research.

International Handbook on the Economics of Integration, Volume I covers two broad themes: general integration issues and regional integration groups. The first part discusses topics that range from an overview of the regional integration deals registered with the World Trade Organization, to multilateralism and regionalism, hub-and-spoke integration networks, limits to integration, rules of origin, and globalization. The second part of the Handbook is devoted to an outline of the principal integration arrangements in Europe, the Mediterranean, North and Latin America, East Asia and sub-Saharan Africa, as well as economic integration efforts throughout the Arab world.

Contributors to this major reference work include eminent authors, some of whom contributed to the creation of economic integration theory from the outset. The authors not only survey the literature, but also present their own arguments and new ideas in order to offer a new perspective, as well as discussing the issues they believe are essential in the field. Each of the insightful chapters is approachable not only to graduate students, scholars, researchers and policymakers, but also to advanced undergraduate students.
‘This Handbook provides a comprehensive tour and in-depth analysis of the principal economic dimensions of economic intregration and the global economy. Due to diverse range of themes dealt with by the Handbook’s authors it is inevitable that the reader may agree or disagree with the expressed views , but in this lies the Handbook’s significance in that it will inspire more research, articles and books on the subjects covered. In sum, the Handbook provides a wide array of source material and information for potential future research. I would recommend this Handbook to every university library and anyone, scholars and practitioners alike, interested in the far-reaching strands of international economics and integration.’
– Isidora Ljumović, Journal of Economic Integration

‘International Handbook on the Economics of Integration edited by Miroslav Jovanović provides timely and rich academic contributions to considerations of the widest array of integration-related issues. European integration has been providing an inspiration to a number of academics and researchers. The Handbook is a recognition of the dynamic and strong solidarity of European integration. At the same time, the European Union often provided an example for integration schemes throughout the world which spread enormously since the mid-1990s. Leading experts from all continents contributed to this Handbook which will be a valuable input into academic and policy-making discussions and actions.’
– José Manuel Barroso, President of the European Commission

‘Miroslav Jovanović’s publication represents a rich contribution to the complex issue of regional integration, its benefits, its shortcomings, and its relationship with multilateral trade opening. It sheds light over an issue which is the subject of intense discussions in trade circles.’
– Pascal Lamy, Director-General of the WTO

‘Much has been written on trade agreements as a mechanism to integrate the markets of two or more countries – often inspired by the European example. In recent years, attention has increasingly focused on the importance of economic geography as a determinant of industrial location. This book combines the two strands of analysis, bringing together leading experts in the fields of economic geography and international trade. The result is an outstanding compilation of papers that illuminate how policies and economic forces affect the location of economic activity in an integrated Europe.’
– Bernard Hoekman, Director, The World Bank, US

‘The open multilateral trading system is a tremendous success of the past half century, and has contributed greatly to the world’s unprecedented rate of economic growth. Over the past two decades however, preferential trading arrangements have proliferated, raising questions as to how compatible they are with the open multilateral system, and what policies might be adopted to improve outcomes. The essays in this volume detail the emergence of PTAS and provide comprehensive and up-to-date analyses of the state of play of preferential arrangements in all regions of the world. The volume will provide a useful reference for all those wanting to understand existing preferential arrangements and their role in the international economy today.’
– Anne O. Krueger, Johns Hopkins University and Stanford University, US

‘Economic integration is a complex and multifaceted giant, with a myriad aspects ranging from regional and global concentration and dispersal of economic activity to social and political consequences for individuals and communities in developed and developing countries alike. This landmark, three volume collection of chapters by leading authors, drawn from many fields, is a worthy and timely contribution to the analysis of a phenomenon with profound implications for the future world economy – and its governance.
– James Zhan, Director, Investment & Enterprise Division, UNCTAD
Contributors: R.E. Baldwin, L. Borgatti, T. Broude, O. Cadot, J. de Melo, W.J. Ethier, R.V. Fiorentino, M. Fratianni, C.R. Frischtak, D. Georgiev, M. Hadhri, A. Hira, D. Hiratsuka, M.N. Jovanović, R.G. Lipsey, F. Marchionne, P. Nicolaides, R. Pomfret, A. Portugal-Pérez, D. Sidjanski, M.G. Smith, A. Theophanous, Y. Tirkides, P. Wonnacott, R.J. Wonnacott
Contents:

Foreword
Nicolas Levrat

Introductory Note
Petko Draganov

Preface

Introduction

PART I: GENERAL ISSUES
1. The Never-ending Story of Regional Trade Agreements
Roberto V. Fiorentino

2. Multilateralising Regionalism: Spaghetti Bowls as Building Blocks on the Path to Global Free Trade
Richard E. Baldwin

3. Multilateral versus Regional Trading Arrangements: Substitutes or Complements?
Richard G. Lipsey and Murray G. Smith

4. Contemporary Regionalism
Wilfred J. Ethier

5. The World Trade Organization and International Economic Integration: Legal Aspects
Dencho Georgiev

6. Preferential Liberalisation in a Hub-and-Spoke Configuration versus a Free Trade Area
Ronald J. Wonnacott

7. The Economic Case for Reciprocal Trade Negotiations: Gains from Both Imports and Exports
Paul Wonnacott and Ronald J. Wonnacott

8. Understanding the Barriers to Entry Effects of Rules of Origin in Preferential Trading Arrangements with an Application to Asian FTAs
Olivier Cadot, Jaime de Melo and Alberto Portugal-Pérez

9. The Limits to Integration
Michele Fratianni and Francesco Marchionne

10. Technology and Globalisation
Richard G. Lipsey

11. Globalisation: An Anatomy
Miroslav N. Jovanović

PART II: REGIONAL GROUPS
12. A New Era for Europe: The Lisbon Treaty – From Constitution to Lisbon Treaty
Dušan Sidjanski

13. EU Policies and Policy-making
Phedon Nicolaides

14. From the Barcelona Process to the Union for the Mediterranean: Rhetoric versus the Record
Yiannis Tirkides and Andreas Theophanous

15. The North American Free Trade Agreement: Fait Accompli?
Murray G. Smith

16. Regional Integration in East Asia
Richard Pomfret

17. East Asia’s Economic Integration and Institutional Cooperation for Further Integration
Daisuke Hiratsuka

18. Integration Efforts and Economic Dynamics in South America
Cláudio R. Frischtak

19. Structural Adjustment in Latin America: From Crisis to Ambiguity
Anil Hira

20. Economic Integration in Sub-Saharan Africa
Lisa Borgatti

21. Globalisation Challenges and New Arab Regionalism: Towards a New Deal of South–South Integration
Mohieddine Hadhri

22. Towards a Relance Arabe? Bilateral and Regional Economic Integration Initiatives in the Middle East and North Africa
Tomer Broude

Index